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In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)
In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)A . FalseB . TrueView AnswerAnswer: A Explanation: Spending is a concern for everyone, whether the finance team, engineering, production, etc. Please review What is FinOps
What is Technology Business Management (TBM)? (Select One)
What is Technology Business Management (TBM)? (Select One)A . TBM is a value management framework for decision making.B . TBM is an engineering framework used for FinOpsC . TBM is a value management framework for cost managementD . TBM is a cost management framework for accountantsView AnswerAnswer: A Explanation: TBM...
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient' ? (Select One)
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient' ? (Select One)A . Target SplitB . FixedC . Even SplitD . ProportionalView AnswerAnswer: B Explanation: There are typically three ways to split up shared costs: Proportional: Based on relative percentage of direct...
Which of the following are the FinOps sponsored Maturity Assessment Model steps/phases? (Select Three)
Which of the following are the FinOps sponsored Maturity Assessment Model steps/phases? (Select Three)A . EvaluateB . RunC . WalkD . CrawlE . AssessView AnswerAnswer: B,C,D Explanation: Crawl, Walk Run The practice of FinOps is inherently iterative and maturity of any given process, functional activity, Capability or Domain will improve...
'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)
'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)A . Cloud Usage OptimizationB . Performance Tracking and BenchmarkingC . Understanding Cloud Usage and CostD . Cloud Rate OptimizationView AnswerAnswer: C Explanation: There are six specific domains in FinOps according to the FinOps Foundation. We...
What is the correct order of the FinOps Lifecycle phases?
Please refer to the graphic of the Phases of the FinOps Lifecycle for this question What is the correct order of the FinOps Lifecycle phases? Please replace 1,2,3 with correct sequence (Select One)A . Inform, Operate and OptimizeB . Inform, Optimize and OperateC . Optimize, Inform, OperateD . Optimize, Operate,...
Should the FinOps team be a gatekeeper to cloud spending? (Select One)
Should the FinOps team be a gatekeeper to cloud spending? (Select One)A . NoB . YesView AnswerAnswer: A Explanation: The FinOps team is effectively a partner and not a direct manager. For example, if a cloud developer needs 10 Virtual Machines, development should be the gatekeeper and not FinOps teams....
How has cloud computing impacted enterprise financial operations? (Select Two)
How has cloud computing impacted enterprise financial operations? (Select Two)A . Change from a fixed spending model to a variable spending modelB . Utilization of an OPEX based procurementC . Change from a variable spending model to a fixed spending modelD . Utilization of CAPEX based procurementView AnswerAnswer: A,B Explanation:...
What would we use to account for costs for each business units and then debit the business unit for the cloud usage?
Your currently working with the head of finance to understand how to identify specific cloud usage to specific business units. What would we use to account for costs for each business units and then debit the business unit for the cloud usage?A . ChargebackB . ResevationsC . ShowbackD . AllocationE...
What tools in AWS could you identify?
Your business unit has decided to use AWS for its cloud services for production. Other business units have been AWS for both development and production use cases. You have been asked to provide tools in AWS that can provide recommendations for reducing costs and getting insight into better ways of...
